International Alliance of Theatrical Stage Employees, Local 500 TO ACT AS A PAYROLL COMPANY SOLELY FOR THE INTERNATIONAL ALLIANCE OF THEATRICAL STAGE EMPLOYEES, MOVING PICTURE TECHNICIANS, ARTISTS AND ALLIED CRAFTS OF THE UNITED STATES, ITS TERRITORIES AND CANADA (HEREAFTER "IATSE") LOCAL 500. THE ORGANIZATION GENERATES PAYROLL CHECKS FOR THE SKILLED TECHNICIANS TO RECEIVE A PAYCHECK IN A TIMELY MANNER. THE SOLE FUNCTION OF THE ORGANIZATION IS TO PROVIDE PAYROLL SERVICES TO IATSE LOCAL 500.